 With Stuart Rose at the helm, M&S fended off a hostile bid |
The investigation into share trading at Marks & Spencer in the run up to Philip Green's bid has closed with no party accused of any wrongdoing. The probe was launched after chief executive Stuart Rose bought shares in M&S shortly before the entrepreneur announced plans for an �8bn bid.
This prompted the Financial Services Authority (FSA) to investigate unusual share trading.
But in July, the FSA dropped its inquiries into Mr Rose's dealings.
The FSA did not disclose any of the findings it had made and gave no details on why it had ended the whole investigation.
But it said it had found nothing untoward in the M&S share dealings it studied.
"It has been investigated thoroughly and no breaches of the FSA's regulations were found," a spokesman for the watchdog said.
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